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Prepare a statement of retained earnings. The adjusted trial balance of Bridgeport Cooper Co. as of December 31, 2017, contains the following. BRIDGEPORT COOPER CO.
Prepare a statement of retained earnings.
The adjusted trial balance of Bridgeport Cooper Co. as of December 31, 2017, contains the following. BRIDGEPORT COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 Debit Credit Cash Accounts Receivable $20,782 8,230 3,590 19,360 Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock $6,205 7,010 6,782 21,310 12,620 4,310 Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense 12,900 8,150 2,162 243 Depreciation Expense Interest Expense Interest Payable 181 181 $67,008 $67,008 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BRIDGEPORT COOPER CO. Income Statement For the Year Ended December 31, 2017 A T Revenues Service Revenue 12900.00 Expenses Salaries and Wages Expense 8150.00 Rent Expense - 6:50.00 216.00 243.00 2162.00 Depreciation Expense 1 243.00 Interest Expense Interest Expense 181.00 T Total Expenses 10736.00 7 Net Income / (Loss) 2164.00 216.00 Click if you would like to Show Work for this question: Open Show Work (b) Prepare a statement of retained earnings. (List items that increase retained earnings first.) BRIDGEPORT COOPER CO. Statement of Retained Earnings Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXTStep by Step Solution
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